Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
January 11 2024 - 6:06AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2024
Commission File Number: 001-39216
Huize Holding Limited
(Registrants Name)
49/F,
Building T1, Qianhai Financial Centre, Linhai Avenue,
Qianhai Shenzhen-Hong Kong
Cooperation Zone, Shenzhen 518000
Peoples Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
Huize Holding Limited Announces Receipt of Minimum Bid Price Notice from Nasdaq
On January 11, 2024, Huize Holding Limited, ("Huize" or the "Company") (NASDAQ: HUIZ), a leading digital insurance product and service platform
for new generation consumers in China, announced that it has received a notification letter dated January 5, 2024 (the "Notice") from the staff of the Listing Qualifications Department of Nasdaq Stock Market LLC ("Nasdaq"), indicating that for the
last 30 consecutive business days, the closing bid price of the Companys American depositary shares (the "ADSs") was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Notice has no
current effect on the listing or trading of the Companys ADSs on Nasdaq.
Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the
Company is provided with a compliance period of 180 calendar days, or until July 3, 2024, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Companys ADSs is
US$1.00 per share or higher for at least ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by July 3, 2024, subject to
the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the
Nasdaq Capital Market, with the exception of the minimum bid price requirement. In this case, the Company will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a
reverse stock split, if necessary.
The Nasdaq notification letter does not affect the Companys business operations, and the Company
will take all reasonable measures to regain compliance within the prescribed grace period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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Huize Holding Limited |
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By |
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/s/ Ronald Tam |
Name |
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Ronald Tam |
Title |
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Co-Chief Financial Officer |
Date: January 11, 2024
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